Risk & Control Job Description
Risk & control
provides guidance and counsel to the Manager Business Risk Control Management (BRCM) Support to ensure effective risk and control processes and practices that are in compliance with Bank and regulatory requirements.
Risk & Control Duties & Responsibilities
To write an effective risk & control job description, begin by listing detailed duties, responsibilities and expectations. We have included risk & control job description templates that you can modify and use.
Sample responsibilities for this position include:
Work with Control Section Manager to complete all control and risk management responsibilities for the assigned business unit in accordance with Corporate Policies and Procedures, Regulatory requirements and Legal practices, with reporting dotted line to Head of Function
Maintain working knowledge of business unit processes, procedures and business products
Identify significant business changes and where appropriate direct and / or coordinate preparation of required analysis to review changes, ensure proper mitigating controls, and approval for changes
Perform periodic focused process/control reviews to ensure risks are correctly identified and managed
Identify recommendations to improve the quality of internal controls and mitigate the risks, both current and predicted
Develop and conduct a testing program to ensure policies, procedures and controls are adequate and effectively implemented to ensure risks are mitigated
Ensure continuous oversight and update of control testing program and reviews
Key Risk Indicator reporting, development, implementation, and enhancement
Analyse errors, near misses and significant events to identify root causes
Co-ordinate and deliver annual ISAE engagement on behalf of business unit
Risk & Control Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Risk & Control
List any licenses or certifications required by the position: CISA, CISM, CRISC, CISSP, CIA, CPA, AML, ACAMS, FSMA, HAACP
Education for Risk & Control
Typically a job would require a certain level of education.
Employers hiring for the risk & control job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Economics, Engineering, Management, Education, Mathematics, Technical, Statistics
Skills for Risk & Control
Desired skills for risk & control include:
Operational risk concepts
SOX and other industry-related regulatory requirements
Broad-based business practices
Deep understanding of segment/function business processes
Risk management principles and controls
With the ability to assess levels of adherence/execution and identify risk/control improvement opportunities
Legal codes
Federal
Health
Environmental
Desired experience for risk & control includes:
Prior experience with Market Risk is preferred
Ability to thrive within an environment with a high level of ambiguity
Proven people management skills including experience in developing people skills through mentoring and coaching
A high level of integrity, earning the respect and trust of her/his peer group and employees
Advanced experience in Microsoft office, Excel, PowerPoint, Visio
7 - 8 years of relevant experience in information risk and/or IT audit or information security functions at major financial enterprise
Risk & Control Examples
1
Risk & Control Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of risk & control. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for risk & control
- Evaluate the effectiveness of risk mitigation projects and corrective actions
- Conduct independent Deep Dive reviews and assessments to determine root cause(s), assess control environment, escalate issues and identify/monitor remedial actions
- Consult with internal groups such as Firm Operational Risk, Enterprise Operational Risk Control, Compliance, Legal, and other Operations teams
- Prepares and executes control audit testing plans
- Maintain central log of requests and responses
- Participate in the firm’s Risk & Control Self-Assessment (RCSA) program
- Work with business groups and monitor internal/external events
- Coordinate the completion and review of new product risk and control assessments
- Maintain portfolio of policies
- Serve as primary liaison
Qualifications for risk & control
- Leadership/Guidance Information & Physical Demands
- Able to work independently and in group
- Travel throughout NYC Metropolitan Area
- Performance of the required duties will require physical ability to climb permanent and temporary stairs, passenger use of construction personnel hoists, ability to climb ladders and negotiate work areas under construction including high rise buildings, underground construction, transit and rail facilities
- Strong communication skills (verbal and written), including ability to understand issues and highlight potential solutions
- Strong organizational skills and the ability to support complex projects
2
Risk & Control Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of risk & control. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for risk & control
- Advise on new initiatives and strategies from a risk and control perspective
- Perform control testing throughout the division, identify weaknesses and create remediation plans
- Analyze existing business practices, policies and procedures to identify where process improvements and enhancement to existing procedures can be made
- Reporting test results and the effectiveness of policies & procedures to Management
- Represent Internal Control on key regional forums and committees
- Assist teams with internal/regulatory audits
- Executing COO control initiatives as required
- Proactively managing external, regulatory and legal audits in the region on behalf of the GCO COO, working in cooperation with relevant stakeholders
- Supporting GCO product managers, in the yearly Standards and Responsibilities for Control (STARC) recertification and control review programme for Europe and Germany
- Assistance in the build-out and enhancement of new process areas
Qualifications for risk & control
- Ability to create complex and successful strategies for risk mitigation
- Minimum 7+ years experience working with wide coverage across all major asset classes, included equities, fixed income and derivatives
- Ability to lead, influence, and drive change
- Ability to handle multiple tasks and changing priorities while maintaining meticulous attention to detail and accuracy
- Results and execution focused orientation with strong analytical and logical problem solving skills
- Control Management, Internal Audit, and/or risk experience in asset management or related industry
3
Risk & Control Job Description
Job Description Example
Our company is growing rapidly and is looking for a risk & control. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for risk & control
- Coordinate OSHA compliance programs
- Compile and maintain safety standards and procedures documentation
- Design systems to identify factors or business units that present opportunities for improvement in safety and design loss control programs to reduce the frequency and severity of losses
- Assist the Workers' Compensation, Liability Claims, and EHS sections in related risk management matters
- Conduct risk assessments and formulate mitigation plans
- Design a user self-sufficient process to organize and store control evidence
- Drive development of monthly risk reports
- Oversee and work to enhance key risk indicators
- Serve as a liaison/coordinator between BRIC and other corporate departments (Legal, Compliance and Risk) for gathering and analyzing information pertaining to internal projects (policies, procedures, guidelines)
- Prepare formal and informal communications to internal business partners and direct management regarding initiatives, issues, and achievements
Qualifications for risk & control
- Takes initiative as required
- Strong cognitive and analytical skills
- Bachelor’s degree in business related field highly preferred
- CSP, CPCU, or AIC, or ARM designations preferred
- Minimum of 3+ years of audit, risk & controls experience working in an global IT environment
- Subject Matter expert of industry regulatory standards, such as Cobit, COSO, ISO17799, ITIL, NIST and ability to apply to an IT environment
4
Risk & Control Job Description
Job Description Example
Our company is looking for a risk & control. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for risk & control
- Tests and validates new data sources to enable faster and more accurate compilation of position data
- Own and excute alignment, resolve escalated issues and provide a point of contact for business and external senior leaders
- Liaise with key program stakeholders
- Assesses and evaluates internal control environment
- Compiles, summarizes, and analyzes ad hoc data requests for internal and management reports
- Developing excellent working relationships with internal and Barclaycard O&T and SBU Customers, other businesses and functions within Group and externally if required
- Providing regular and timely reports to SBU or Barclaycard O&T Customers on relevant aspects the Barclaycard O&T /SBU Control environment
- Developing working relationships with other Governance and Risk Management teams/ colleagues within Barclaycard and across the Barclays Group to deliver against common goals and provide excellent customer service to SBU and Barclaycard O&T customers
- Provide technical guidance and support analysts and advisors to ensure timely and accurate daily/weekly risk reporting
- Perform stress testing and complex scenario analysis within risk metric reporting structure as defined in the risk policy
Qualifications for risk & control
- Financial Services experience a key advantage, highly pressurized environment an essential
- ASIS Certified Protection Professional designation preferred
- Knowledge of Loss Control & Security methodologies, best practices, and regulatory mandates including but not limited to ASIS, DHS, CFATS, OSHA
- Ability to handle highly complex assignments within the security and risk management disciplines
- Preferable) Japanese language Skills, and process review skills with emphasis
- On risk control
5
Risk & Control Job Description
Job Description Example
Our company is looking for a risk & control. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for risk & control
- Re-iteration to the person in breach that disciplinary action could be taken as a result of this or future breaches of firm policy
- Outreach to the sales to notify them of Barclays inability to conduct further derivatives business on this account without pre-requisite documentation
- Termination of the trade based off an evaluation of the facts and circumstances of the breach
- Understand the control requirements for GSC as per Control Manual, understand the grading for maturity levels, check the documentation for control execution and establish a visible link between the processes and the requirements of the control manual
- Select a sample size for each process and each entity, Review the process and confirm compliance to the controls including documentation and SOP
- Understand the control requirements for GSC as per Control Manual for the relevant control related to SOD
- Ensure compliance to the access right governance process
- Documentation of findings and suggest improvements
- Design an adequate reporting format and report to the management (frequency to be decided by the GSC management)
- Monitor FERC 2004 compliance systems including employee FERC ID coding, functional organization charts, physical and system access controls, and posting processes
Qualifications for risk & control
- Grocery industry/distribution experience desired
- Strong working knowledge of all applicable statutes and regulations
- Success in developing, implementing, and coordinating risk control programs
- Strong management skills with past experience in a supervisory role
- Proficient PC skills especially MS Office
- Knowledge of transaction lifecycle across both exchange traded and OTC derivative products a plus